HR 86

112th CONGRESS
1st Session

H. R. 86

To prevent pending tax increases, permanently repeal estate and gift taxes, and permanently repeal the alternative minimum tax on individuals, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES

January 5, 2011

Mrs. BACHMANN (for herself, Mr. KING of Iowa, and Mr. SCHILLING) introduced the following bill; which was referred to the Committee on Ways and Means


A BILL

To prevent pending tax increases, permanently repeal estate and gift taxes, and permanently repeal the alternative minimum tax on individuals, and for other purposes.

SECTION 1. SHORT TITLE.

SEC. 2. EGTRRA AND JGTRRA TAX RELIEF MADE PERMANENT.

SEC. 3. ESTATE AND GIFT TAX PERMANENTLY REPEALED.

SEC. 4. REPEAL OF ALTERNATIVE MINIMUM TAX ON INDIVIDUALS.

SEC. 5. MAXIMUM CORPORATE INCOME TAX RATE REDUCED TO 25 PERCENT.

END